secwatch.observer — SEC 8-K summary
======================================

Issuer:     ProFrac Holding Corp. (ACDC)
CIK:        0001881487
Form:       8-K
Filed at:   2023-04-11T23:59:59+00:00
Accession:  0000950170-23-012348
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ProFrac redeems all 104.2M ProFrac LLC units; all Class B shares canceled
-------------------------------------------------------------------------

- Redeemed 104,195,938 ProFrac LLC units for same number of new Class A common shares.
- All Class B common stock surrendered and canceled; no Class B shares remain outstanding.
- Redeeming members include controlling stockholders Dan and Farris Wilks, Executive Chairman Matt Wilks, CEO Ladd Wilks, director Coy Randle.
- New Class A shares issued in reliance on Section 4(a)(2) exemption from registration.
- Redemption may increase effective tax rate and trigger obligations under Tax Receivable Agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1881487/000095017023012348/0000950170-23-012348-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1881487/000095017023012348/acdc-20230410.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-012348

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer